Monday, September 30, 2024

SPX, DJI Close at New All-time Closing High...Real Estate, Energy, Health Care Lead Sectors...AAPL Leads DJI and Tech Stock Bounce...


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The SPX +24.37, 5,762, opened lower and closed higher at a new all-time closing highSPX closed above 5,700 for the eighth day.  DJI also closed at a new all-time closing high.

The NDX +0.26%, opened lower in a breakout test, formed a piercing line candle pattern and a bull flag setup.

NVDA +0.04, +0.03%, opened lower, reversed and re-broke out above recent resistance and formed a bull flag setup.   

AVGO -0.19, -0.11%, pulled back pulled back and for a hammer in a bull flag setup.

COST +0.90, +0.10%, closed above its low of the day after a horizontal support bounce, after an EPS beat and a sales miss $79.697B vs $79.973B estimate.


Mega caps AAPL, GOOGL, META, BRK/B, MSFT, TSLA, NVDA rose and AMZN fell on Monday.


SPY up 2.29 at 573.76, 63.5 million shares, above average volume
VIX down .23 at 16.73
QQQ up 1.32 at 488.07


AAPL, HD, CVX, WMT led the DJIA, 16 advancers, -8
SOLV, FTI, GNRC, CVS, FDX led the SPX, 313 advancers
ISRG, AAPL, GEHC, PANW led the NDX, 52 advancers

Up:  SPY, QQQ, IWM, DIA,
Down: 

Eight of eleven sectors were higher on Monday, led by XLRE, XLE and XLV

The SPY MFC green line is pointed up at 93.9 and is short-term bullish. +0.9

Uptrend sectors:   XLB, XLY, XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,
Neutral sectors: 
Down trend sectors:  XLE,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp a little


52 of 100 NDX stocks closed higher on Monday.

72 NDX stocks are above their 30 DMA:  CTAS, GILD, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, FTNT, GEHC, TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD, ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR, CMCSA, DDOG, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, LRCX, MU, SBUX, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS, AEP, ODFL, ADP, ISRG, MRVL,

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADP, ISRG, MRVL,


Moving Below 30 DMA = 2
KHC, MELI,



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